Reference is made to the statement dated 16/06/2008. The payment has been determined based on a selling price of NOK 40.0625 per share.
Ken W. Feather purchased 50,142 shares at a price of NOK 40.0625.
Svein Knudsen purchased 28,467 shares at a price of NOK 40.0625.
After this, Ken W. Feather holds 80,000 unexercised options in the Company, corresponding to 80,000 shares at the strike price of NOK 10.95. After completion of the abovementioned transactions, the primary insider holds 100,354 shares in the Company.
After this, Svein Knudsen holds 160,000 unexercised options in the Company, corresponding to 120,000 shares at the strike price of NOK 26.00 and 40,000 shares at the strike price of NOK 10.95. After completion of the abovementioned transactions, the primary insider holds 102,694 shares in the Company.
Contacts
Svein Knudsen, EMGS chief financial officer +47 73 56 88 10
About EMGS
EMGS is the market leader in deep electromagnetic (EM) imaging. The company launched the EM imaging industry in 2002 with the commercialisation of seabed logging, a proven exploration method that uses EM energy to find offshore hydrocarbons without drilling wells. This proprietary and patented technology has been developed over the past 10 years, and its ability to indicate hydrocarbons directly is enabling EMGS' customers to dramatically improve their exploration efficiency and performance in frontier and mature provinces.
EMGS employs over 300 people from three main offices in Trondheim, Norway; Houston, USA; and Kuala Lumpur, Malaysia. The company operates the world's largest EM vessel fleet, and has conducted more than 350 surveys for many of the world's leading energy companies.
Please visit www.emgs.com for the latest news and in-depth information about EMGS and EM imaging technology.
For general enquiries please email findinghydrocarbons@emgs.com.